E-Commerce Credit Insurance is a trade credit insurance solution that gives B2B e-merchants and buy-now-pay later (BNPL) providers the ability to offer credit terms on a digital platform in real time while protecting their transactions from the risk of customer non-payment.
A radical shift to e-business is ongoing as B2B customers prefer to search online and consider transactions from a website more convenient than what traditional B2B channels typically offer.
At the same time, only a small fraction of B2B sellers can offer real-time payment solutions other than credit cards. This leads to a majority of B2B customers taking their business somewhere not as time-consuming and manual.
Sellers that provide credit terms on a platform—such as E-Commerce Credit Insurance through Allianz Trade—see higher-than-average transaction sizes and an increase in online conversions.